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Fred Pennic, Editor-in Chief | HIT Consultant

Fred Pennic is the Founder and Editor-in-Chief of HIT Consultant.

Solve.Care Launches First Crypto Healthcare Device Marketplace

by Fred Pennic 05/19/2022 Leave a Comment

Solve.Care Launches First Crypto Healthcare Device Marketplace

What You Should Know: - Solve.Care, the global healthcare blockchain technology company, has announced the world's first crypto-enabled marketplace dedicated to healthcare. - Care.Marketplace will allow for the purchase of domestic healthcare devices across the United States. This first-of-its-kind development will work to influence the use of domestic healthcare devices Crypto-Enabled Marketplace Solve.Care is creating innovative solutions to long-standing access challenges within
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Cerner Collaboration to Increase Access to Cancer Clinical Trials

by Strategic Partnerships 05/19/2022 Leave a Comment

Ochsner Health and Pfizer to Develop Innovative Models for Clinical Trials

What You Should Know: - Cerner, Elligo Health Research® and Freenome are collaborating to enable a clinical trial through the Learning Health Network to help advance early cancer detection. - Together they will be using the research-activated network of health systems, real-world data (RWD) and multiomics technology, developed by Freenome, with the goal to help accelerate early cancer detection. Importance of Early Cancer Detection Early
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Greater Good Health Raises $10M for NP-Centered Primary Care Model

by Fred Pennic 05/18/2022 Leave a Comment

Greater Good Health Raises $10M for NP-Centered Primary Care Model

What You Should Know: - Greater Good Health, the company redefining value-based care through the first primary care model centered around nurse practitioners (NPs) raises $10 million funding round led by LRVHealth, with participation from Martin Ventures, Health Velocity Capital and more.  - Committed to providing NPs with the tools they need to be successful, Greater Good Health offers access to a network of peers, training and development content and personal wellness experiences. The
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HealthQuest Capital Closes $675M for Fund IV to Invest in Transformational Healthcare Companies

by Fred Pennic 05/18/2022 Leave a Comment

HealthQuest Capital Closes $675M for Fund IV to Invest in Transformational Healthcare Companies

What You Should Know: - HealthQuest Capital, a sector specialist capital firm focused on companies optimizing value in healthcare, today announced the close of HealthQuest Partners IV, L.P., at its hard cap of $675M . - The oversubscribed fund will enable HealthQuest to continue to invest in growth-stage companies that are revolutionizing the healthcare industry. Providing Growth Capital to Companies Transforming Healthcare Founded in 2013 by Garheng Kong, a physician, scientist, and
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Eli Lilly Partners with Yseop to Expedite Drug Approval Process

by Strategic Partnerships 05/18/2022 Leave a Comment

Eli Lilly Partners with Yseop to Expedite Drug Approval Process

What You Should Know: - Eli Lilly and Company partners with Yseop, an AI software company and pioneer in Natural Language Processing (NLP) to deploy Yseop’s world-class enterprise automation platform, Augmented Analyst, to accelerate bringing Lilly’s medicines to patients. - Yseop’s platform uses Natural Language Generation (NLG) to augment human analysis with automated insights. With Yseop’s powerful AI automation technology, teams can shorten the time spent on specialist medical reports
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Character Biosciences Raises $18M to Expand Precision Medicine Platform for Diseases of Aging

by Fred Pennic 05/17/2022 Leave a Comment

Character Biosciences Raises $18M to Expand Precision Medicine Platform for Diseases of Aging

What You Should Know: - Character Biosciences (“Character”), a precision medicine platform for diseases of aging raises $18M in a new funding round led by Innovation Endeavors, alongside leading life sciences investors Section 32 and Catalio Capital Management. Formerly known as Clover Therapeutics, the company’s data-driven approach integrates genomics, deep phenotyping and machine learning for target and biomarker discovery. - The company will use the funding to advance the frontiers of
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Hyundai Motor Group & NowRx to Explore Autonomous Vehicles for Medication Delivery

by Fred Pennic 05/12/2022 Leave a Comment

Hyundai Motor Group to Pilot Autonomous Vehicles for Medication Delivery

What You Should Know: - Hyundai Motor Group (the Group), the global scale mobility provider including Hyundai Motor Company and Kia Corporation has partnered with tech-powered pharmacy NowRx on a pilot project to explore autonomous vehicles for medication delivery - The pilot project will test and develop automated dispatch, fleet management, and other last-mile optimization technologies for same-day prescription delivery, with the possibility of testing
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Bon Secours Mercy Health Launches Digital Holding Company Accrete Health Partners

by Fred Pennic 05/11/2022 Leave a Comment

Bon Secours Mercy Health Launches Digital Holding Company Accrete Health Partners

What You Should Know: - Bon Secours Mercy Health (BSMH) today announced the launch of Accrete Health Partners, a digital holding company, that will function to further expand the organization's digital health services as well as new and ongoing programs and partnerships.   - New digital holding company will coalesce a continuum of leading solutions and services to connect the technology, data and people needed to streamline healthcare and ultimately help improve
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Turquoise Health Raises $20M for Healthcare Pricing Platform, Launches Direct Contracting Platform

by Fred Pennic 05/11/2022 Leave a Comment

Turquoise Health Raises $20M for Healthcare Pricing Platform, Launches Direct Contracting Platform

What You Should Know: - Turquoise Health, an end-to-end healthcare pricing platform, today announced a $20M Series A investment led by existing investor Andreessen Horowitz (a16z), with participation from Bessemer, Box Group, and new investor Tiger Global. - Turquoise Health will use the funding to continue making transparent pricing ubiquitous for all healthcare stakeholders: payers, providers, and patients. Direct Contracting Platform In anticipation of July payer rates
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David Blumenthal to Step Down as Commonwealth Fund President at End of Year

by Fred Pennic 05/11/2022 Leave a Comment

David Blumenthal to Step Down as Commonwealth Fund President at End of Year

What You Should Know: - David Blumenthal, M.D., will step down as president of the Commonwealth Fund at the end of 2022, after 10 years as head of the health care policy foundation. - Under his leadership, the Commonwealth Fund has implemented several new initiatives, including a major effort to eliminate racial and ethnic disparities in healthcare practice, policy, and outcomes and an expansion of work in healthcare coverage and access and international health policy and practice
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